Great-west Moderate Correlations

MXITX Fund

USD 10.73 0.06 0.56%

The current 90-days correlation between Great West Moderate and Touchstone Large Cap is 0.44 (i.e., Very weak diversification). The correlation of Great-west Moderate is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Great-west Moderate Correlation With Market

Weak diversification

The correlation between Great West Moderate Profile and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great West Moderate Profile and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Great West Moderate Profile. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Great-west Mutual Fund

0.66	SFBPX	Great-west Securefoundation	Pair Corr
0.92	MXAGX	Great West Lifetime	Pair Corr
0.91	MXAKX	Great West Lifetime	Pair Corr
0.92	MXAHX	Great West Lifetime	Pair Corr
0.98	MXBQX	Great West Lifetime	Pair Corr
0.98	MXBOX	Great West Lifetime	Pair Corr
0.92	MXBPX	Great West Moderately	Pair Corr
0.67	MXBUX	Great West Sp	Pair Corr
0.98	MXBSX	Great West Lifetime	Pair Corr
0.92	MXCJX	Great-west Securefoundation	Pair Corr
0.75	MXCOX	Great West Bond	Pair Corr
0.93	MXAPX	Great West Aggressive	Pair Corr
0.98	MXATX	Great West Lifetime	Pair Corr
0.98	MXAUX	Great West Lifetime	Pair Corr
0.93	MXAYX	Great West Lifetime	Pair Corr
0.98	MXBEX	Great West Lifetime	Pair Corr
0.98	MXBDX	Great West Lifetime	Pair Corr
0.75	MXBIX	Great West Bond	Pair Corr
0.94	MXBGX	Great West Lifetime	Pair Corr
0.64	MXEBX	Great West E	Pair Corr
0.67	MXEDX	Great-west Core	Pair Corr
0.98	MXELX	Great West Lifetime	Pair Corr
0.87	MXEQX	Great West T	Pair Corr
0.91	MXCPX	Great-west Conservative	Pair Corr
0.74	MXDQX	Great West Government	Pair Corr
0.92	MXDPX	Great West Moderately	Pair Corr
0.83	MXGBX	Great West Templeton	Pair Corr
0.98	MXGNX	Great West Lifetime	Pair Corr
0.71	MXGMX	Great West Government	Pair Corr
0.98	MXGQX	Great West Lifetime	Pair Corr
1.0	MXGPX	Great West Moderate	Pair Corr
0.92	MXGTX	Great West Aggressive	Pair Corr
0.98	MXGUX	Great West Lifetime	Pair Corr
0.69	MXFDX	Great-west Core	Pair Corr

Related Correlations Analysis

	TACLX	DFELX	HBAIX	GGRYX	UPAAX	FMTIX	PLKTX	PBLIX
TACLX		0.58	0.69	0.81	0.19	0.76	0.81	0.84	TACLX
DFELX	0.58		0.87	0.86	0.83	0.91	0.91	0.88	DFELX
HBAIX	0.69	0.87		0.98	0.78	0.98	0.91	0.95	HBAIX
GGRYX	0.81	0.86	0.98		0.69	0.98	0.94	0.99	GGRYX
UPAAX	0.19	0.83	0.78	0.69		0.73	0.65	0.66	UPAAX
FMTIX	0.76	0.91	0.98	0.98	0.73		0.96	0.97	FMTIX
PLKTX	0.81	0.91	0.91	0.94	0.65	0.96		0.96	PLKTX
PBLIX	0.84	0.88	0.95	0.99	0.66	0.97	0.96		PBLIX
	TACLX	DFELX	HBAIX	GGRYX	UPAAX	FMTIX	PLKTX	PBLIX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Great-west Mutual Fund performing well and Great-west Moderate Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Great-west Moderate's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TACLX	0.56	(0.01)	0.00	(0.04)	0.00	0.00	1.10	(1.14)	3.39
DFELX	0.63	0.01	0.02	(0.01)	0.91	(0.63)	1.21	(1.53)	3.77
HBAIX	0.37	0.03	0.07	0.05	0.55	(0.36)	0.76	(0.90)	2.53
GGRYX	0.43	0.01	0.04	0.01	0.61	(0.44)	0.71	(0.91)	2.78
UPAAX	1.80	0.12	0.04	0.07	2.71	(1.75)	3.05	(4.14)	13.88
FMTIX	0.38	0.01	0.03	(0.01)	0.58	(0.37)	0.70	(0.86)	2.55
PLKTX	0.56	0.00	0.02	(0.02)	0.89	(0.50)	1.06	(1.34)	3.50
PBLIX	0.52	0.01	0.02	(0.01)	0.78	(0.51)	0.92	(1.24)	3.22

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